The Greater the Volume of the Process Being Targeted for Inspection

question 36

Multiple Choice

The greater the volume of the process being targeted for inspection, the more attractive _____ inspection is.

• A)monitored
• B)controlled
• C)periodic
• D)variable
• E)automated

---

Definitions:

Compensating Differential

The compensating differential is the difference in wages that arises to offset the non-monetary characteristics of different jobs, such as riskiness or unpleasantness.

Wage Disparity

The difference in wages earned by different groups of workers, often due to factors like gender, education, or ethnicity.

Equilibrium Wage

The wage rate at which the quantity of labor supplied equals the quantity of labor demanded in the market.

Efficiency Wage

A higher wage paid by employers to increase productivity by attracting better applicants, reducing turnover, and motivating employees.